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Economic Sustainability: Mondragón and Local Cooperatives

2:00 - 2:50 PM

2nd Floor - Russian

Cooperatives are an economic hybrid that transcends capitalism and socialism but embodies qualities of both systems. Successful cooperatives are grounded in business acumen and entrepreneurship, but include a respectful and egalitarian culture that values people before profit. The Mondragón Cooperatives in Spain, the world's largest consortium of worker-owned businesses, is the best example of how cooperatives can succeed on a larger scale while maintaining an empathic, socially just, and environmentally sustainable culture.